SIAM MAKRO TARGETS EXPANSION WITH THE LAUNCH OF LOTS WHOLESALE SOLUTIONS
Siam Makro PCL, a part of US $50 billion Charoen Pokphand Group (CP Group), announced the launch of its India operations in the wholesale cash and carry space. The company has adopted a 100 percent FDI route to establish its operations in India under the name of LOTS Wholesale Solutions.
The company plans to invest over ₹1,000 crores in the first five years and open 15 wholesale distribution centres across northern India. The first two stores of LOTS Wholesale Solutions will open in Delhi NCR in
2018. The intended investment by the company will generate over 5,000 direct and indirect jobs. Speaking to the media, Tanit Chearavanont, Managing Director, LOTS Wholesale Solutions said, “2018 is a very exciting year for us at LOTS Wholesale Solutions. We are eager to commence our operations and delight our customers with excellence in service, assortment and convenience that is in our DNA. We bring with us 28 years of experience in serving various B2B customers, such as Horeca, traders and service customers, through different cash and carry formats – large and small; we are confident that we will surely be able to enhance the modern wholesale sector in totality.”
The company has brought on board seasoned professionals with proven capabilities in key leadership roles. Sameer Singh, who comes with over 18 years of experience in Retail and Hospitality, is Director of Operations and Business Development; Nishant Rayirath, who comes with over 15 years of experience in Wholesale Cash & Carry operations, is Director of Commercial; Jatin Mazalcar, who comes with 16 years of strong background experience in Finance across various industries, is Director of Finance; and Manish Gehlot, who comes with 20 years of industry experience, is Director of Information Technology.